SYS-CON MEDIA Authors: ITinvolve Blog, Vormetric Blog, Jason Bloomberg, Liz McMillan, Pat Romanski

News Feed Item

Canadian Medical Marijuana Executive Addresses Prestigious Global Conference

Chairman of WeedMD Rx joins first-ever panel on Marijuana Industry

LOS ANGELES, CALIFORNIA -- (Marketwired) -- 05/02/14 -- Michael Kraft, Chairman of Canada's WeedMD Rx Inc. ("WeedMD") was a key contributor at the prestigious Milken Institute Global Conference's first-ever panel on the marijuana industry, "The Highs - and Lows - of the Cannabis Economy" earlier this week. The Milken Institute's prestigious Global Conference is one the world's leading conferences in the world for health, education, technology, telecommunications, energy and philanthropy. The conference attracts more than 3,000 of the world's leading decision makes from more than 60 countries. Among the participants are investors with more than $18 trillion in assets under management.

Michael Kraft, Chairman of WeedMD, said, "I congratulate the Milken Institute for raising attention for the marijuana industry and including this topic on their agenda for the first time. It was a great opportunity to be chosen as the only Canadian to join the panel and to discuss the evolution and changes in this billion-dollar industry at this important time in its history." Kraft said, "Canada is leading the way in medical marijuana legislation which is increasing access to higher quality cannabis products and regulating safe production at licensed facilities, and is well-positioned to become a global leader in this multi-billion dollar industry."

Kraft discussed the unique opportunity for American and international investors to invest in Canada's medical marijuana industry which, according to Health Canada, is expected to reach more than 450,000 users in the next ten years. Kraft presented the distinct advantages available in in the medical marijuana industry in Canada, and the strength and appeal of an investment in Canada, where the market is expected to be worth more than $1-billion annually by 2024.

Kraft was the only Canadian on this panel and was joined by leading executives, and experts in the cannabis industry. The panel was moderated by Mike 'Zappy' Zapolin of Zappy Inc. and the other panelists included DigiPath CEO, Todd Denkin, National Families in Action Inc. CEO, Sue Rusche, and Goodwin Procter LLP legal expert, Doug Praw. The Milken Global Conference is well-known for analyzing emerging trends from the perspective of industry, society, legal, and government. Global Conference attendees include Fortune 500 CEO's, Nobel Prize winners, and political leaders.

http://www.milkeninstitute.org/events/gcprogram.taf?function=detail&EvID=4859&eventid=GC14

About WeedMD Rx Inc.

WeedMD has secured a pre-license approval from Health Canada to produce and distribute 2,500 kg of medical marijuana and is well-positioned to become a leader in this burgeoning industry. WeedMD.com's team includes industry and healthcare professionals with significant experience and expertise in seniors' and long term care, many of whose patients use or plan to use medical marijuana. WeedMD.com's operations are based in Aylmer in southwestern Ontario, in a 25,000 sq. ft. converted former tobacco plant which is being retrofitted for medical marijuana production and has the potential to expand to 100,000 sq. ft. WeedMD.com has hired leading growers, quality assurance and research & development professionals to manage plant physiology, phytosanitary issues and active ingredient concentrations.

Portions of this press release may include "forward-looking statements". These forward-looking statements are based on management's current expectations and involve certain risks, uncertainties and other factors that could cause actual events, results and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, WeedMD's ability to obtain the necessary production licenses and approvals, WeedMD's ability to retrofit its former tobacco plant for production and to expand the facility, and WeedMD's expectations regarding its industry and position. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, WeedMD's ability to satisfy the conditions of its Health Canada pre-license approval, WeedMD's ability to complete its retrofitting and expansion as planned, and adverse market conditions and general economic and business uncertainties. Readers should not place undue reliance on forward-looking statements. No assurance can be given that such events, results or opportunities will occur. WeedMD disclaims any intention or obligation to update or revise any forward-looking information other than as required by applicable securities laws.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Log data provides the most granular view into what is happening across your systems, applications, and end users. Logs can show you where the issues are in real-time, and provide a historical trending view over time. Logs give you the whole picture. Logentries, a log management and analytics service built for the cloud, has announced a new integration with Slack, the team communication platform, to enable real-time system and application monitoring. Users of both services can now receive real-...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
“Will Jaya is a direct source for server integration and storage solutions. If you are looking for any specific configurations for a project we can help you configure based on your needs and requirements," explained Netty Goya, CEO of Will Jaya, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness,...
Entuity®, a provider of enterprise-class network management solutions, today announced that it solidifies its position as a market leader through global enterprise customer acquisitions and a refined channel strategy. In 2014, Entuity increased new license revenues in EMEA by over 75 percent, and LATAM by over 125 percent as customers embraced Entuity for its highly automated solution and unified architecture. Entuity’s refined channel strategy focuses on even deeper strategic alignment with ke...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.